Paladin Energy Ltd - Update on Review of Strategic Options
10.04.2012 | Marketwire
PERTH, AUSTRALIA -- (Marketwire) -- 04/10/12 -- Paladin Energy Ltd (TSX: PDN)(ASX: PDN) ("Paladin" or the "Company") notes that, as previously communicated, the Company is in discussions with a selected group of nuclear industry parties, to seek minority JV interest in its non-producing uranium assets to enable further strengthening and consolidation of the globally unique positioning the Company has achieved in the uranium supply sector. All parties in the ongoing deliberations acknowledge Paladin's high strategic value through its blend of independence, achievement in production, significant portfolio of potential development projects; and a leadership, management and technical team ideally suited to take Paladin to its next stage of development.The participation proposals received are diverse, reflecting a broader and deeper interest to become part of Paladin's future production platform with opportunity for increased financial strength and flexibility. Consequently, in addition to progressing the JV approach, Paladin is carefully considering all its options now available to secure optimal value and ensure the best possible results are achieved for the long term benefit to its shareholders.
Also, unlike many other mineral commodities, high quality uranium assets are attracting premium prices in the current environment and the underlying market for these remains strong in the industry.
ACN 061 681 098
Contacts:
In Australia:
Paladin Energy Ltd
John Borshoff, Managing Director/CEO
+61 8 9381 4366 or Mobile: +61 419 912 571
john.borshoff@paladinenergy.com.au
In Canada:
Paladin Energy Ltd
Greg Taylor, Investor Relations Contact
+905 337-7673 or Mobile: +416 605-5120 (Toronto)
greg.taylor@paladinenergy.com.au
www.paladinenergy.com.au